RES 2000-11TOWN OF TROPHY CLUB, TEXAS
RESOLUTION NO. 2000 -Il
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TROPHY
CLUB, TEXAS; AUTHORIZING THE CREATION OF THE TROPHY CLUB 4A
ECONOMIC DEVELOPMENT CORPORATION AS AN INSTRUMENTALITY
OF THE TOWN OF TROPHY CLUB, TEXAS; PROVIDING FOR ARTICLES OF
INCORPORATION; PROVIDING FOR BYLAWS, PROVIDING FOR
DISSOLUTION; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Development Corporation Act of 1979. Tex. Rev.0iv. Stat.Ann., art. 5190.6, as
amended (the "Act"), authorizes cities to create development corporations to act on their behalf in the
promotion and financing of projects required or suitable for use for professional and amateur (including
children's) sports, athletic, entertainment, tourist, convention, and public park purposes and events; and
WHEREAS, the Town of Trophy Club (the "Town") is authorized to create a corporation under
the Act that is governed by Section 4A of the Act, and the Town Council intends thereby to approve the
Articles of Incorporation and Bylaws and the creation of the Trophy Club 4A Economic Development
Corporation (the "Corporation"); and
WHEREAS, the Town Council has determined to authorize and approve the incorporation of the
Corporation as its constituted authority and instrumentality to act on its behalf in accomplishing the
public purposes described in the Act, in the Articles of Incorporation, and in Article III, Section 52-a, of
the Texas Constitution.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN
OF TROPHY CLUB, TEXAS:
Section 1. That the incorporation of the Corporation is hereby authorized and approved as a
development corporation under the provisions of the Act, governed by Section
4A thereof.
Section 2. That the Articles of Incorporation of the Corporation, in substantially the form
attached hereto, are hereby approved and the incorporators are authorized to file
or cause the same to be filed with the Secretary of State as provided by the Act.
Section 3. That the Bylaws of the Corporation, in substantially the form attached hereto, are
hereby approved, and the same shall be adopted by the Board of Directors of the
Corporation prior to the commencement of its business.
Section 4. That, upon dissolution of the Corporation, the Town hereby agrees to and shall
accept title to any and all real, personal, or other property owned by the
Corporation at such time, subject to all rights of third parties that may then exist.
Section 5. That this Resolution shall become effective from and after its date of passage in
accordance with law.
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PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, this the
6th day of June, 2000.
Mayor, Town of Troph Club, Texas
ATTEST:
Town Secretar�'
Town of Trophy Club, Texas
[Seal]
APPROVED AS TO FORM:
Town A rne}
Town of Trophy Club, Texas
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